Interest rates

Dr Brendan Rynne, KPMG Chief Economist, comments on today’s RBA meeting

I would suggest that the most prudent action from tomorrow’s Board meeting is for the RBA is to keep rates on hold.

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Dr Brendan Rynne, KPMG Chief Economist, comments on RBA decision

While the decision to cut the cash rate by 25bp to 0.75 percent was priced into the market as a near certainty, the factors influencing the outcome were certainly not straightforward. 

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Dr Brendan Rynne, KPMG Chief Economist, comments on RBA decision and other economic data

The RBA was right to keep rates on hold at 1 percent today and leave any further cuts till later in the year.

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Brendan Rynne, KPMG Chief Economist, comments on latest RBA rate cut.

By cutting rates, the RBA is sending a signal to the market, to politicians and to the community at large, that the Australian economy is not firing on all cylinders

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KPMG responds to GDP figures. Rate cuts could have been more aggressive

The sluggish GDP figures, particularly the weakness in household consumption, shows the RBA would have been justified in cutting cash rates faster.

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Does it really matter if the RBA cuts rates tomorrow or not?

It seems inevitable the Reserve Bank of Australia will drop the cash rate in its meeting next week, and possibly again later in the year.

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RBA holds interest rates and its in our best interest

So, the Reserve Bank of Australia resisted growing calls to cut interest rates yesterday. They were right to do so.

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